AMH Equity Ltd Purchases New Shares in InterDigital, Inc. (NASDAQ:IDCC)

AMH Equity Ltd acquired a new position in shares of InterDigital, Inc. (NASDAQ:IDCC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the Wireless communications provider's stock, valued at approximately $2,274,000. InterDigital comprises 3.4% of AMH Equity Ltd's investment portfolio, making the stock its 7th largest holding.

Other institutional investors also recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of InterDigital in the 1st quarter valued at approximately $32,000. Concord Wealth Partners acquired a new position in shares of InterDigital in the 1st quarter valued at approximately $37,000. Prudent Man Investment Management Inc. acquired a new position in shares of InterDigital in the 4th quarter valued at approximately $39,000. Finally, Versant Capital Management Inc raised its position in shares of InterDigital by 957.9% in the 1st quarter. Versant Capital Management Inc now owns 201 shares of the Wireless communications provider's stock valued at $42,000 after buying an additional 182 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at InterDigital

In other InterDigital news, Director Derek K. Aberle sold 692 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $226.41, for a total transaction of $156,675.72. Following the completion of the transaction, the director owned 6,192 shares in the company, valued at $1,401,930.72. This trade represents a 10.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jean F. Rankin sold 606 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $226.47, for a total transaction of $137,240.82. Following the completion of the sale, the director directly owned 27,353 shares in the company, valued at approximately $6,194,633.91. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,062 shares of company stock valued at $920,853 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

InterDigital Trading Down 0.0%

Shares of NASDAQ:IDCC traded down $0.01 during trading on Tuesday, reaching $226.45. The stock had a trading volume of 178,559 shares, compared to its average volume of 364,463. The firm's fifty day moving average is $222.41 and its 200 day moving average is $208.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.76 and a current ratio of 1.76. InterDigital, Inc. has a 52 week low of $120.18 and a 52 week high of $237.50. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.45 and a beta of 1.36.

InterDigital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 9th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $2.40 annualized dividend and a yield of 1.06%. InterDigital's payout ratio is currently 19.03%.

About InterDigital

InterDigital, Inc operates as a global research and development company with focus primarily on wireless, visual, artificial intelligence (AI), and related technologies. The company engages in the design and development of technologies that enable connected in a range of communications and entertainment products and services, which are licensed to companies providing such products and services, including makers of wireless communications, consumer electronics, IoT devices, and cars and other motor vehicles, as well as providers of cloud-based services, such as video streaming.